Question

money management decisions include deciding how much credit to obtain to support your spending and what sources of credit to use.

Answer 1

Making decisions about credit, such as how much to get and from which sources, is a part of managing your money. That is untrue.

What is money management?

Money management practices include creating a budget, saving money, making investments, and spending.

Money management provides you with a 360-degree perspective of your financial condition while putting crucial financial habits into practice to assist you in overcoming the obstacles to prosperity. When you have a clear purpose for your money and sound money management techniques at your back, you have much more control over your financial future.

Therefore making decisions about credit, such as how much to get and from which sources, is a part of managing your money. That is untrue.

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